HISTORIC DAY FOR COAL SECTOR AS PM MODI LAUNCHES AUCTION OF COMMERCIAL MINING

Highlights

• After this decision by the Prime Minister Narendra Modi, 100 percent FDI (Foreign Direct Investment) will be allowed

• The commercialization of these coal blocks will approximately generate Rs 33,000 crore of capital investment in India over the period of five to seven years

The country that has fourth biggest coal reserves and is the second biggest producer, still imports coal.  Above ....